Panera Bread has grown from the 20-store Saint Louis Bread Company to some 2,000 locations. The company says it will be acquired by JAB for $315 per share in cash.
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A pedestrian walks by a Panera Bread restaurant on June 3 in San Francisco. Panera Bread is set to remove artificial colors, flavors, sweeteners and preservatives from items on its menu by the end of 2016.
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